Jai Corp Limited Clarifies ED Searches at Corporate Office and Director Residences
Jai Corp Limited has provided clarification regarding a news item published on www.freepressjournal.in on December 19, 2025, concerning searches by the Enforcement Directorate (ED). Officials from th...
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Why is Jai Corp Limited in the news today?
Jai Corp Limited (JAICORPLTD) is in the news due to the news involves searches by the enforcement directorate, which is a negative development for the company.
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Jai Corp Limited Clarifies ED Searches at Corporate Office and Director Residences
December 23, 2025, 09:15 AM
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Jai Corp Limited has provided clarification regarding a news item published on www.freepressjournal.in on December 19, 2025, concerning searches by the Enforcement Directorate (ED).
Officials from the ED visited the company's Corporate Office in Mumbai on December 19, 2025, from approximately 9:28 AM to 11:50 PM. The ED officials also visited the residences of Chairman Mr. Anand Jain, Vice-Chairman Mr. Virendra Jain, and Managing Director Mr. Gaurav Hain.
The company stated that the ED visit was not a planned or expected event, and no negotiations were taking place. Jai Corp Limited has assured that it will continue to extend full cooperation to the agency during the investigation. As the matter is sub-judice, the company is unable to ascertain any financial impact pending the outcome of the investigation.
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